Updated over 13 years ago on . Most recent reply
Legal? Smart?
I have a SFR that I have been marketing both for Sec 8 and individual renters. It is a 4/1 and I have been asking $875 monthly and one month's deposit. For the Sec 8 potential tenants, the deposit has been the issue.
Sec 8 allows up to $1100 monthly for 4 bedrooms in this area.
Here is my thought:
What if I upped the rent and dropped the deposit for Section 8? If I got $950 monthly and had a $300 deposit, I would be ahead at the end of 9 months. If I had tenants stay multiple years, it would add up well too.
I am also wondering if I continued to market it as-is to conventional renters and with the changes for Section 8. I wonder if that could be considered discrimination.